The increasing automation of industrial processes, demand for compact automation solutions, and widespread adoption of IoT connectivity are the key influencing factors of the micro and nano PLC market. The micro and nano PLC market was valued at USD 5.58 Billion in 2015 and is expected to at a CAGR of 6.9% between 2016 and 2022. The base year considered for study is 2015 and the forecast period is between 2016 and 2022. The objective of the report is to provide a detailed analysis of the micro and nano PLC market based on type, offering, architecture, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the micro and nano PLC market. The report also gives a detailed overview of the value chain in the micro and nano PLC market and analyzes the market trends on the basis of the Porter's five forces analysis.

The research methodology used to estimate and forecast the micro and nano PLC market begins with capturing data on key vendor revenues through secondary research such as IEEE journals, automation world magazines, manufacturing automation magazine, and leading players newsletters. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global micro and nano PLC market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure:

The micro and nano PLC ecosystem comprises component providers, OEMs, system integrators, software providers, and distributors. The players involved in the development of micro and nano PLC include Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation Incorporation (U.S.), Mitsubishi Electric Corporation, and Omron Corp. (Japan), among others as well as associations such as Institute of Electrical and Electronics Engineers (IEEE) and International Society of Automation (ISA).

Target Audience of the Report:

Associations, organizations, forums, and alliances

Component manufacturers

Distributors and traders

Original equipment manufacturers

Process industries such as oil and gas, power, chemical, and pharmaceuticals, among others

Research organizations and consulting companies

Semiconductor product designers and fabricators

Software and service providers

System integrators

Technology investors

Technology solution providers

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the global micro and nano PLC market on the basis of type, offering, architecture, industry, and geography.

Micro and Nano PLC Market, by Type:

Micro PLC

Nano PLC

Micro and Nano PLC Market, by Offering:

Hardware

Software

Services

Micro and Nano PLC Market, by Architecture:

Fixed PLC

Modular

Micro and Nano PLC Market, by Industry:

Automotive

Chemicals & Fertilizers

Food &Beverages

Home & Building Automation

Metals & Mining

Oil & Gas

Pharmaceuticals

Pulp & Paper

Power

Water & Wastewater

Micro and Nano PLC Market, by Geography:

North America

Europe

Asia-Pacific (APAC)

Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companies specific needs. The following customization options are available for the report:

Figure 1 Micro and Nano PLC Market: Research DesignFigure 2 Bottom-Up Approach to Arrive at the Market SizeFigure 3 Top-Down Approach to Arrive at the Market SizeFigure 4 Data TriangulationFigure 5 Assumptions of the Research StudyFigure 6 Micro and Nano PLC Market SegmentationFigure 7 Micro PLC to Hold the Largest Share of the Market in 2016Figure 8 Hardware Segment Expected to Lead the Micro and Nano PLC Market During the Forecast PeriodFigure 9 Modular PLC Market to Hold the Largest Share and Grow at the Highest Rate Between 2016 and 2022Figure 10 Micro and Nano PLC Market for the Food & Beverages Industry Expected to Grow at A High Rate Between 2016 and 2022Figure 11 North America to Hold the Largest Market Share in 2016Figure 12 Attractive Growth Opportunities in the Micro and Nano PLC Market Between 2016 and 2022Figure 13 Nano PLC Market Expected to Grow at the Highest Rate Between 2016 and 2022Figure 14 Hardware Segment Expected to Lead the Micro and Nano PLC Market During the Forecast PeriodFigure 15 Modular PLC to Hold the Largest Share of the Micro and Nano PLC Market in 2016Figure 16 Automotive Industry Expected to Hold the Largest Share of the Global Micro and Nano PLC Market in 2016Figure 17 U.S. to Hold the Largest Share of the Micro and Nano PLC Market in 2016Figure 18 Micro and Nano PLC Market Segmentation, By GeographyFigure 19 Droc: Micro and Nano PLC MarketFigure 20 Oil Prices (USD Per Barrel): 2014 to 2016Figure 21 Value Chain Analysis: Major Value is Added During the Manufacturing and System Integration StagesFigure 22 Micro and Nano PLC Market: Porters Five Forces Analysis, 2016Figure 23 Bargaining Power of Buyers Expected to Have A High ImpactFigure 24 Low Switching Cost for Consumers Leading to Medium Impact of CompetitionFigure 25 Low Performance of Pc-Based Control Leading to Low Impact of Threat of SubstitutesFigure 26 High Consumer Adoption Leading to High Impact of Bargaining Power of BuyersFigure 27 Less Product Differentiation Leading to Medium Impact of Bargaining Power of SuppliersFigure 28 Requirement of Robust R&D Unit Leading to Medium Impact of Threat of New EntrantsFigure 29 Market Segmentation, By TypeFigure 30 Automotive Industry Held the Largest Market for the Micro PLC Market During Forecast PeriodFigure 31 APAC Expected to Grow at the Highest Rate in the Micro PLC Market for the Metal & Mining Industry During Forecast PeriodFigure 32 North America Held the Largest Share of the Micro PLC Market in 2015Figure 33 North America Expected to Hold the Largest Size of the Nano PLC Market for Food & Beverages Industry During the Forecast PeriodFigure 34 APAC to Grow at the Highest Rate in the Nano PLC Market for Pulp & Paper Industry Between 2016 and 2022Figure 35 Micro and Nano PLC Market Segmentation, By OfferingFigure 36 Hardware Expected to Hold A Large Size of the Micro and Nano PLC Market Between 2016 and 2022Figure 37 Micro and Nano PLC Market Segmentation, By HardwareFigure 38 Operating Cycle of CPUFigure 39 Micro and Nano PLC Market Segmentation, By HardwareFigure 40 Micro and Nano PLC Market Segmentation, By ServiceFigure 41 Market Segmentation, By ArchitectureFigure 42 Modular PLC Expected to Lead the Global Micro and Nano PLC Market Between 2016 and 2022Figure 43 Architecture of Fixed PLCFigure 44 Architecture of Modular PLCFigure 45 Market Segmentation, By IndustryFigure 46 APAC Expected to Hold the Largest Size of the Micro and Nano PLC Market for Automotive Industry During Forecast PeriodFigure 47 Nano PLC Market Expected to Grow at the Highest Rate in the Food & Beverages Industry Between 2016 and 2022Figure 48 Nano PLC to Grow at A High Rate in the Market for Home and Building Automation Industry Between 2016 and 2022Figure 49 APAC to Hold the Largest Market for the Micro and Nano PLC in Metal & Mining Industry in 2016Figure 50 Micro PLC Dominated Pharmaceuticals Industry During Forecast PeriodFigure 51 APAC Expected to Dominate the Micro and Nano PLC Market for Power Industry During Forecast PeriodFigure 52 Micro and Nano PLC Market in China to Grow at the Highest Rate During the Forecast PeriodFigure 53 Snapshot of Micro and Nano PLC Market in North America: Demand to Be Driven By the Increasing Factory Automation in the RegionFigure 54 U.S. to Dominate the North American Micro and Nano PLC Market During the Forecast PeriodFigure 55 Germany Projected to Grow at the Highest Rate in the European Micro and Nano PLC Market Between 2016 and 2022Figure 56 Snapshot of the Micro and Nano PLC Market in Asia-Pacific: China Expected to Drive the Growth of the MarketFigure 57 China Dominated the APAC Micro and Nano PLC Market in 2015Figure 58 Middle East Expected to Lead the Micro and Nano PLC Market in RoW Between 2016 and 2022Figure 59 Companies Adopted New Product Launches & Developments as A Key Growth Strategy Between 2014 and 2016Figure 60 Battle for Market Share: New Product Launches & Developments Were the Key StrategiesFigure 61 Geographic Revenue Mix of the Top 5 Players (2015)Figure 62 ABB Ltd.: Company SnapshotFigure 63 ABB Ltd.: SWOT AnalysisFigure 64 Mitsubishi Electric Corp.: Company SnapshotFigure 65 Mitsubishi Electric Corp.: SWOT AnalysisFigure 66 Rockwell Automation Inc.: Company SnapshotFigure 67 Rockwell Automation Inc.: SWOT AnalysisFigure 68 Schneider Electric SE : Company SnapshotFigure 69 Schneider Electric SE : SWOT AnalysisFigure 70 Siemens AG : Company SnapshotFigure 71 Siemens AG: SWOT AnalysisFigure 72 Robert Bosch GmbH: Company SnapshotFigure 73 General Electric Company: Company SnapshotFigure 74 IDEC Corp.: Company SnapshotFigure 75 Omron Corporation: Company Snapshot

The micro and nano PLC market is expected to reach USD 8.89 Billion by 2022, at a CAGR of 6.9% between 2016 and 2022. The growth of this market is propelled by the growing industrial automation, requirement for compact automation solutions, and growing home and building automation market.

Micro PLC is expected to hold a large share of the overall micro and nano PLC market in 2016. Micro PLC offers various key benefits such as ease of programming, scalability, and smaller size. Furthermore, micro PLCs have a high demand owing to the growing need for compact automation solutions. The nano PLC market is expected to grow at the highest CAGR between 2016 and 2022 owing to its lower cost, greater flexibility, and compact size.

The market for the hardware segment accounted for the largest share of the micro and nano PLC market in 2015. The technological advancement in hardware components and the increasing number of new product launches and developments would increase the adoption of hardware across industries such as automotive, food & beverages, oil & gas, chemicals, and pharmaceuticals, among others. The market for software and services is expected to grow at the highest CAGR between 2016 and 2022. The increasing level of automation at industrial plants has created the need for software to save time in the design of automated control applications and increase the level of safety while handling the equipment.

The modular PLC architecture is expected to hold the largest market size and grow at the highest rate during the forecast period.

Modular PLCs are widely used in complex processes. They are easier to troubleshoot and allow some processes to be operational while the issues are being fixed. Furthermore, modular PLCs are designed to customize industrial processes for seamless operations. The fixed PLC market is the second-largest in the global micro and nano PLC market. Fixed PLC is inexpensive compared to modular PLC and is an ideal solution for compact machineries with limited space and functionality.

The automotive industry dominated the micro and nano PLC market in 2016. The highly competitive automotive sector is one of the early adopters of micro and nano PLCs. The use of micro and nano PLCs helps the industry to save time during assembling, resulting in increased productivity. The market for the food & beverages industry is expected to grow at the highest CAGR between 2016 and 2022. The players in the food & beverages industry are majorly focusing on offering technologically advanced and high-quality products while keeping the production costs low. Thus, there is a growing demand for micro and nano PLCs in the food & beverages industry.

North America accounted for the largest share of the micro and nano PLC market during forecast period. The automation and servicing requirements are shaping the demand for micro and nano PLCs among process industries in this region. Further, supportive government programs, events, and conferences are also driving the growth of the North American market. APAC is expected to be the fastest-growing market in the overall micro and nano PLC market during the forecast period. The major driving factors for the growth of the APAC market are increased number of manufacturing facilities, aging infrastructure, and trend of smart manufacturing.

One of the key restraining factors for the micro and nano PLC market is the additional cost incurred while expanding the I/O capability of micro and nano PLC. The I/O points of micro and nano PLCs are lesser than that of large and medium-sized PLCs. In certain applications, there is a need to expand the number of I/O modules of PLC to accomplish the complex processes which leads to additional cost.

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